Federal Reserve May Be `Central Bank of the World' After UBS, Barclays Aid

Federal Reserve May Be `Central Bank of the World' After UBS, Barclays Aid

Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on
whether U.S. regulators bear responsibility for aiding other nations’ banks.

UBS was the biggest borrower under the Commercial Paper Funding Facility, with $74.5 billion overall, more than twice as much as Citigroup Inc., the
top U.S. bank recipient, according to the data released yesterday. London-based Barclays Plc took the biggest single amount under another program that
made overnight loans, when it got $47.9 billion on Sept. 18, 2008.

“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote
the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that
is a question that needs to be examined.”

So 3.3 Trillion was used during the bailouts, with a bulk going to foreign owned banks from Europe. UBS received more than 70 Billion dollars from the
FED, twice as much as Citibank. Apparently the US also went on a crusade to not only save US financial institutions, but Europe as well.

Part of this irritates me with the most recent European attitude towards spending in America and how we need to get it under control. While i
completely agree with them on the control part, the suggestion seems just a bit hypocritical in the fact they did not take their own advice, but took
our moeny then gave us the advice.

Irritation aside the article goes on to say the FED has pretty much become a World setup, no longer limiting its control to the US Financial system.
The extent the article goes in terms of who received funding, from which program, the amount and the reason behind it is just staggering.

While I understand how the US and European Financial systems are linked, this still seems excessive. Is it just me or does the US get used as the
credit card by other countries, only to be lextured after they use our credit card about being fiscally responsible. If we were not picking up some of
the larger big ticket items in some of these countries, namely a national defense, they would not be able to operate.

3.3 Trillion Dollars.... Does anyone remember hearing anything about this much money being used for financial bailout and recoverey?

Firstly you should realize the Fed is not an American bank - neither is it a government bank. It is a bank owned by the criminal elite and used to
control the economic conditions of the US and most of the world for its members benefit.

Most of the original members of the Fed were (allegedly) from Europe - so if you had to place the Fed under a banner - you would call it a European
bank. So it makes perfect sense that it lent to Euro banks.

Many people who understand the Fed in detail know this already - Ron Paul has known this for years, and has been trying to force this kind of
disclosure. In reality this disclosure is small bikkies - they were willing to reveal this stuff - it is the stuff they are not revealing that might
send people into the streets with torches and pitchforks.

The money it lends belongs to the American people - yet it takes these actions without any reference to elected officials. It simply reaches into the
pockets of American people - steals their money, and doles it out to maintain a criminal banking system that controls the world.

The complete destruction of the global financial system is an outcome that people should be hoping for - if it occurs, then it is possible that
freedom and democracy (and true capitalism) can rise again.

For now - if you are sick of being robbed, and you want to push back - buy silver. There is a viral campaign that I believe will sweep the world,
Crash JP Morgan (banking criminals), buy silver.

Silver is going to go up anyway - so if you buy silver you will make money - however if everyone does it - it will go up a LOT and everyone except the
banking scum will win.

It is a simple and powerful idea - buy silver - you win immediately because you have protected some wealth, you win longer term because it will
appreciate - you win ultimately because fiat currencies will crumble to dust in face of massive world wide returns to silver and gold.

I understand what the FED is and where it came from, and yeah I dont agree with Congress dolling out there authority over monetary policy in the
manner they have with the FED. There charter was jjust renewed for like anohter 14 years, although I would like to see it yanked and replaced like
most other people.

Ia slo agree with Ron Paul in terms of dropping the fed and auditing the Gold reserves at Ft. Knox.

Where I was going with the story was I dont ever recall seeing an authorization for 3.3 trillion dollars for bailouts, but just the tarp fund and a
few others.

Wha riled me was the bailout of European banks, only to have european countries turn around and criticise the US for the way we spend money.

That was my complaint... Pretty much everything you poiunted out in your post we are in agreement on.

i recall in 2008- early 2009, that a few financial savvy sites were saying the FED had sent some $600+ Billion to overseas banks... Ostensibly to
repair the damage that the fraudulently rated American Bank issued paper (in the form of CDOs, MBSs, and other mortgage junk) had done to these
foreign banks balance sheets.

also, later on it was announced that the FED had opened facilities and windows at these European banks to engage in large money exchanges/swaps to the
tune of another ~$600Billion, in either late 2009 or early 2010,

this is nothing new or surprising... the FED was busy repairing the Wall Street bankers fraud paper that burnt these foreign banks, all the
'lending' was actually mitigating the deliberate damage the American syndicate banksters had inflicted on our allies and the FED wanted to keep the
'system' working until they can devise a plan for ultimate recovery.

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